EV Charging Infrastructure Market Size, Share, Trends, Industry Analysis, and Forecast (2025 – 2031)

EV Charging Infrastructure Market Size

The global EV charging infrastructure market size was valued at $19.95 billion in 2025 and is projected to reach $35.73 billion by 2031, growing at a CAGR of 10.2% during the forecast period.

EV Charging Infrastructure Market Overview

The EV charging infrastructure is rapidly evolving to support the increasing adoption of electric vehicles (EVs), driven by growing consumer demand and government initiatives aimed at reducing carbon emissions.

Companies can benefit significantly from this infrastructure by capitalizing on the economic opportunities it presents, such as increased foot traffic and customer loyalty. For instance, businesses that install EV charging stations can attract EV drivers who are likely to spend more time at their locations while charging, thereby increasing sales and enhancing customer engagement.

Additionally, government programs, such as the U.S. Department of Transportation's initiatives, provide funding and financial incentives to support the installation of charging stations, making it more feasible for businesses to invest in this infrastructure.

Companies like Tesla and ChargePoint are leading the charge by expanding their networks of fast chargers, which not only enhances convenience for EV users but also positions these companies as leaders in the growing EV ecosystem. Furthermore, as the shift towards electric vehicles continues, businesses that embrace EV charging infrastructure demonstrate a commitment to sustainability, which can improve their brand image and attract environmentally conscious consumers.

EV Charging Infrastructure Market Dynamics

The EV charging infrastructure market is expected to witness significant growth in the future due to the increasing sales of electric vehicles globally, government incentives and policies promoting sustainable transportation, and growing environmental concerns. However, the high initial costs, limited standardization of charging technologies, and insufficient charging infrastructure in rural and less populated areas are restraining the growth of the market.

Furthermore, expansion of charging networks in urban areas, development of smart EV charging stations with advanced features like real-time data monitoring and energy management, and collaborations between governments, utility companies, and private enterprises to enhance charging infrastructure and accessibility are the key trends propelling the ev charging infrastructure market.

Increasing Sales of Electric Vehicles Globally is Driving the EV Charging Infrastructure Market

The increasing sales of electric vehicles globally is significantly impacting the EV charging infrastructure market, driving investments and innovations to support the rapid adoption of electric mobility. As more consumers and businesses transition to EVs, the demand for accessible and efficient charging solutions has surged.

• For instance, in India, the number of electric vehicle registrations skyrocketed from approximately 53,387 in 2013 to over 2.83 million by August 2023, reflecting a growing acceptance of electric mobility.

This surge has prompted the Indian government to implement initiatives such as the Faster Adoption and Manufacturing of (Hybrid and) Electric Vehicles (FAME) scheme, which was extended in 2022 with a budget of INR 10,000 crore to bolster EV adoption and infrastructure development.

Additionally, the government has introduced subsidies for setting up charging stations, significantly reducing the financial burden on operators.

• In July 2023, the Indian government announced a battery swapping policy aimed at enhancing EV efficiency and reducing charging times, further supporting the infrastructure needed for widespread EV adoption.
• Major companies like Tata Power and 1C Charging are also stepping up their efforts, launching new charging stations to meet the growing demand.
• Globally, companies such as ChargePoint and EVBox are expanding their networks, with ChargePoint reporting over 70,000 charging locations as of early 2024.

This robust growth in EV sales and the corresponding expansion of charging infrastructure highlight the interconnected nature of these markets, where increased EV adoption drives the need for reliable and widespread charging solutions, ultimately fostering a sustainable transportation ecosystem.

By Application, the Commercial Segment is projected to be the Largest Segment in the EV Charging Infrastructure Market

Commercial is the largest segment in the EV charging infrastructure market, driven by increasing adoption of electric vehicles (EVs) by businesses and the corresponding demand for charging solutions in commercial settings. Governments across the Asia-Pacific region are implementing supportive policies and initiatives to facilitate this growth.

• For instance, in 2021, the Government of India allocated USD 486 million for adopting 7,090 electric buses, which is part of a broader strategy to enhance public transportation and charging infrastructure.

Additionally, the second phase of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was launched to encourage the establishment of charging stations, particularly in commercial areas. In China, a USD 1.4 trillion public spending program announced in 2020 aims to fund the installation of approximately 1.2 million chargers by 2025, significantly bolstering the commercial charging network.

• Companies like Tata Power and ChargePoint are actively expanding their charging networks to cater to the growing demand from commercial fleets and businesses.
• For example, Tata Power has been installing fast-charging stations in strategic locations to support electric buses and commercial vehicles.
• Furthermore, in 2023, the Zero Emission Vehicle Infrastructure program in Canada received an additional CAD 150 million (USD 112 million) to enhance charging infrastructure at workplaces and multi-unit residential buildings, emphasizing the importance of commercial applications in the EV charging ecosystem.

This combination of government support, corporate investment, and the rising number of EVs in commercial fleets is driving significant growth in the EV charging infrastructure market within the commercial application segment.

By Geography, Asia-Pacific Holds the Largest Share in the Market Revenue

Asia-Pacific holds the largest share of the EV charging infrastructure market, driven by government initiatives, increasing EV adoption, and investments by major companies. In China, the world's largest EV market, the government has implemented various policies to stimulate the EV market, such as subsidies, tax incentives, and the New Energy Vehicle (NEV) mandate, which requires automakers to produce an annually rising EV percentage of total cars produced, reaching 18% in 2023. This has encouraged significant investment in Chinese electric vehicles and the following EV charging infrastructure. India has also launched the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, providing financial incentives for EV manufacturers, creating charging infrastructure, and fostering research and development in EV technology. However, the number of charging stations remains insufficient, with an estimated ratio of 135 EVs per public charger, compared to the ideal global ratio of 6-20 EVs per public charger. The Indian government aims to add 46,000 more charging stations around the country by 2030.

• In 2021, the Government of India allocated incentives of USD 486 million for adopting 7,090 e-buses. In 2020, China announced subsidies amounting to USD 1.4 billion for installing charging stations.

Indonesia is also committed to major increases in EV production, with an anticipated 15 million+ vehicles produced by 2030, and government incentives and tax exemptions in place for EV purchasers and motorcycle conversions. The Energy Ministry has plans for major expansion of charging infrastructure across the country, with estimates of 31,000 new charging stations and 52,000 battery swapping stations needed by 2030. In emerging Asia, Thailand has set out its 3030 EV Production Policy, which aims to reach 30% of domestic vehicle production by 2030. The Asia-Pacific EV Charging Infrastructure 2024 conference, set to become Asia's leading exhibition and conference for the automotive and electrical power industry, will explore new developments in electrical infrastructure and charge point technologies, and address how the industry plans to support the growing use of electric vehicles.

Key Target Audience:

• Electric Vehicle (EV) Manufacturers
• Charging Solution Providers
• Power Distribution Companies
• Government Agencies and Regulatory Bodies
• Site Managers and Property Developers

List of the Key Players Profiled in the Report Includes:

• ABB Ltd.
• ChargePoint, Inc.
• Leviton Manufacturing Co., Inc.
• Blink Charging Co.
• Tesla Inc.
• Webasto Group
• bp pulse
• Eaton Corporation plc
• Schneider Electric, Inc.
• Siemens
• BTC Power
• Delta Electronics, Inc.
• Tritium DCFC Limited

Recent Developments:

• In February 2024, ABB E-mobility announced the delivery of Terra 184 chargers to the first NEVI EV charging site in Southeastern U.S. The site, located at Circle K in Richmond, Kentucky, will provide reliable charging solutions compliant with the Build America, Buy America (BABA) standards.
• In March 2024, ChargePoint announced the expansion of its charging network with the installation of over 1,000 new charging stations across North America.
• In April 2024, Tesla announced the expansion of its Supercharger network, with plans to add over 10,000 new charging stations worldwide by the end of 2025.
• In February 2024, bp pulse announced a partnership with several local governments in the UK to install EV charging stations in public areas. This initiative aims to enhance the availability of charging infrastructure and promote the adoption of electric vehicles. The collaboration underscores bp pulse's commitment to supporting sustainable mobility solutions.
• In March 2024, Eaton Corporation launched its latest range of EV charging solutions designed to meet the needs of commercial and residential users. The new products include smart charging stations that offer energy management features, helping users optimize their charging costs while supporting the growing demand for electric vehicles.
• In February 2024, Siemens announced its plan to expand its EV charging infrastructure across Europe with the installation of new charging stations in urban areas.
• In April 2024, Delta Electronics introduced its latest fast charging solutions designed for public charging stations. The new products are equipped withadvanced technology to provide efficient and rapid charging for electric vehicles, supporting the increasing demand for charging infrastructure as EV adoption rises.

Market Segmentation:

The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:

Market by, Charger Type:

• Slow Charger
• Fast Charger

Market by, Charging Type:

• AC
• DC

Market by, Installation Type:

• Fixed
• Portable

Market by, Connector:

• CHAdeMO
• CCS
• Other Connectors

Market by, Level of Charging:

• Level 1
• Level 2
• Level 3

Market by, Connectivity:

• Non-connected Charging Stations
• Connected Charging Stations

Market by, Operation:

• Mode 1
• Mode 2
• Mode 3
• Mode 4

Market by, Deployment:

• Private
• Semi-Public
• Public

Market by, Application:

• Commercial
• Residential

Market by, Geography:

The EV charging infrastructure market report also analyzes the major geographic regions and countries of the market. The regions and countries covered in the study include:

• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis

The report offers insights into the following aspects:

• Analysis of major market trends, factors driving, restraining, threatening, and providing opportunities for the market.
• Analysis of the market structure by identifying various segments and sub-segments of the market.
• Understand the revenue forecast of the market for North America, Europe, Asia-Pacific, South America, and Middle East & Africa.
• Analysis of opportunities by identification of high-growth segments/revenue pockets in the market.
• Understand major player profiles in the market and analyze their business strategies.
• Understand competitive developments such as joint ventures, alliances, mergers and acquisitions, and new product launches in the market.

Show more